Nvidia Supplier SK Hynix to Launch $4B Semiconductor Facility in Indiana, Aims to Revitalize US Semiconductor Manufacturing

Benzinga03-27

SK Hynix plans to invest approximately $4 billion to establish an advanced chip-packaging facility in West Lafayette, Indiana, marking a significant step towards bolstering America’s semiconductor ...

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This investment aligns with the Biden administration’s goals to reestablish the U.S. as a semiconductor powerhouse. \nLocated near Purdue University, known for its extensive semiconductor and microelectronics-engineering programs, the facility will likely generate between 800 – 1,000 jobs, with a combination of state and federal incentives expected to support the project’s financing, the Wall Street Journal reports.\nAlso Read: South Korea’s Semiconductor Surge: Samsung and SK Hynix Shatter Records with Unprecedented Production and Shipment Growth\nOperations will likely begin in 2028, contingent upon SK Hynix’s board approval.\nAs a significant player in the global semiconductor market, SK Hynix’s decision to expand its operations in the U.S. reflects the company’s success in the high-bandwidth memory (HBM) sector, where it serves as the exclusive partner to Nvidia Corp (NASDAQ:NVDA) for its most advanced graphic-processor units. \nIn 2023, Nvidia bagged HBM supply for 2024 GPUs with billion-dollar payments to SK Hynix and Micron Technology, Inc (NASDAQ:MU).\nMeanwhile, geopolitical tensions between the U.S. and China intensified as the former slapped a semiconductor embargo on the Asian counterpart, restricting the import of niche artificial intelligence technology from the likes of Nvidia and Advanced Micro Devices, Inc (NASDAQ:AMD). \nRecent reports indicated China retaliated with new guidelines to eliminate U.S. microprocessors from Intel Corp (NASDAQ:INTC) and AMD in government computers and servers, favoring domestic technology.\nAlso Read: Samsung Takes Steps To Revamp Chip Manufacturing To Align With Nvidia’s AI Requirements: Report (UPDATED)\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage Via Shutterstock\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article Nvidia Supplier SK Hynix to Launch $4B Semiconductor Facility in Indiana, Aims to Revitalize US Semiconductor Manufacturing originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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